Contract Period Funding Sample Clauses

Contract Period Funding. Roche shall pay Helicon's total actual research costs less OSI's contribution of services worth ** during the first year (including those incurred by OSI and CSHL), in carrying out plan for the Research Program, plus Allocated Overhead (the "Funding Payments"); provided, however, that the total amount of Funding Payments for the first and second years after the Effective Date (including those incurred by OSI and CSHL) shall be determined according to section 3.1.1 and shall not exceed ** and ** respectively. Total amounts of funding for year three will be determined according to Section 3.1.1 but in no case will such funding be less than ** and shall not be greater than the amount agreed by Research Committee as set forth in Section 3.1.1.
Sample 1
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Contract Period Funding. If HMRI elects to participate in the Contract Period Research Program, HMRI shall pay OSI's total actual research costs in carrying out the Contract Period Research Plan, plus Allocated Overhead (the "Funding Payments"). The total amount of Funding Payments shall not be less than ** in the first twelve (12) month period of the Contract Period, nor less than ** in the second twelve (12) month period of the Contract Period, unless, in each instance, the Research Management Committee, which shall supervise the conduct of the research and the expenditure of the funds, determines that such amounts cannot be effectively expended, in which event the total amount of Funding Payments in either or both such twelve (12) month periods may be less than the amounts stated above as determined by the Research Management Committee.
Sample 1
Contract Period Funding. 27 3.1.1 Budgeted Amount...........................................................27 3.1.2 Adjustments...............................................................28 3.1.3 Progress Pursuant to the Research Plan....................................28 3.1.4 Inspection of Funding Amount..............................................28 3.1.5 Minimization of Expenditures..............................................30 3.2 Sharing of Responsibilities in the Early Development Phase..........................30 3.3 Technology Access Fee and Milestone Payments........................................30 3.3.1 Technology Access Fee.....................................................30 3.3.2
Sample 1
Contract Period Funding. During the Contract Period, Tanabe shall pay to OSI its total actual research costs in carrying out the Research Plans (the "Funding Amounts") at the rate (the "FTE Rate") of ** per FTE during the first year of the Contract Period, ** per FTE during the second year of the Contract Period, ** per FTE during the third year of the Contract Period (the "Third Year FTE Rate"), and ** per FTE during the fourth year of the Contract Period (the "Fourth Year FTE Rate"). The Funding Amounts for any given period shall be calculated by ** . The aggregate Funding Amounts which Tanabe shall be obligated to pay hereunder during each year during the Contract Period shall not exceed ** during the first year of the Contract Period, ** during the second year of the Contract Period, ** during the third year of the Contract Period, and ** during the fourth year of the Contract Period. If the aggregate Funding Amounts for a year exceed the Budgeted Amount for such year, OSI shall bear such excess unless such excess had been approved by the Steering Committee.
Sample 1
Contract Period Funding. The HOECHST Group shall pay OSI's total actual research costs in carrying out the Contract Period Research Plan, plus Allocated Overhead, plus ** of the sum of the actual research costs and the Allocated Overhead (the "Funding Payments"). In addition to the Funding Payments, the HOECHST Group shall pay to OSI (a) the amount of ** on each of October 1, 1997 and October 1, 1998, which amount represents deferred payments under the HRPI-OSI Agreement, and (b) the amount of ** on February 28, 1998, which amount represents a deferred payment ----------------- ** This portion redacted pursuant to a request for confidential treatment. -20- 28 under the HOECHST-OSI Agreement (all three payments collectively, the "Deferred Payments"). The total amount of Funding Payments and Deferred Payments shall not exceed ** in any calendar year (unless agreed to by all parties), which amount shall be prorated for partial years.
Sample 1
Contract Period Funding. Helicon shall fund CSHL's total actual research costs in carrying out the Research Plan, plus Allocated Overhead (the "FUNDED AMOUNT"). The Funded Amount shall not exceed ** in the first year of the Contract Period, ** in the second year of the Contract Period, and, in the event the Research Program is extended beyond the Contract Period, ** in the third year, ** in the fourth year, and ** in the fifth year, unless, in each instance, the Parties determine that the above amounts are not sufficient to implement the Research Plan that year, in which event, greater amounts shall be expended during a particular year as determined by the Parties, provided, however, that the aggregate Funded Amount for the five-year period shall not exceed ** .
Sample 1

Related to Contract Period Funding

  • Contract Period “Contract Period” shall mean the period commencing the day immediately preceding a Change in Control and ending on the earlier of (i) the second anniversary of the Change in Control or (ii) the death of the Executive. For the purpose of this Agreement, a Change in Control shall be deemed to have occurred at the date specified in the definition of Change-in-Control.

  • Funding Period The Funding Period, if any, shall not have terminated.

  • Payment Period Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within forty (40) days following the date of termination), the actual date of payment within the specified period shall be within the sole discretion of the Company.

  • Compensation for Breakage or Non-Commencement of Interest Periods Borrower shall compensate each Lender, as promptly as practicable after written request by such Lender (which request shall set forth the basis for requesting such amounts and shall be conclusive absent manifest error), for all reasonable losses, expenses and liabilities (including any interest paid or calculated to be due and payable by such Lender to lenders of funds borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense or liability sustained by such Lender in connection with the liquidation or deployment of such funds but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any reason (other than a default by such Lender) a borrowing of any Eurodollar Rate Loan does not occur on a date specified therefor in a Funding Notice or a telephonic request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does not occur on a date specified therefor in a Conversion/Continuation Notice or a telephonic request for conversion or continuation; (ii) if any prepayment or other principal payment of, or any conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the last day of an Interest Period applicable to that Loan; or (iii) if any prepayment of any of its Eurodollar Rate Loans is not made on any date specified in a notice of prepayment given by Borrower.

  • Commitment Termination Date the earliest to occur of (a) the Revolver Termination Date; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section 2.1.4; or (c) the date on which the Revolver Commitments are terminated pursuant to Section 11.2.

  • Extension of Commitment Termination Date The Borrower may, no more frequently than once each year by delivering written notice to the Managing Agents (with a copy to the Program Agent), request the Lenders to extend the Commitment Termination Date for an additional 364 days past the then applicable Commitment Termination Date, with such extension to become effective with respect to any Lender Group, as of the date one or more Committed Lenders having Commitments equal to 100% of such Lender Group’s Lender Group Limit shall in their sole discretion consent to such extension (the Lenders in such a Lender Group, “Extending Lenders”). Any such request shall be subject to the following conditions: (i) at no time will any Commitment have a term of more than 364 days and, if any such request would result in a term of more than 364 days, such request shall be deemed to have been made for such number of days so that, after giving effect to such extension on the date requested, such term will not exceed 364 days, (ii) none of the Lenders will have any obligation to extend any Commitment, (iii) any such extension of the Commitment Termination Date will be effective only upon the written agreement of at least one Committed Lender and the Borrower and (iv) any request for such extension shall be made at least sixty (60) days prior to the then current Commitment Termination Date. The Managing Agent for each applicable Committed Lender will respond to any such request within thirty (30) days (with a copy to the Paying Agent) but in any event no earlier than thirty (30) days prior to the then current Commitment Termination Date, provided that any Managing Agent’s failure to respond within such period shall be deemed to be a rejection of the requested extension.

  • Contract Term The Contract Term shall mean the period of time commencing on the date of a Change in Control and ending on the Expiration Date.

  • Duration of Interest Periods for repayment instalments In respect of an amount due to be repaid under Clause 8 on a particular Repayment Date, an Interest Period shall end on that Repayment Date.

  • Employment Period; Remaining Unexpired Employment Period (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this Section 2 (“Employment Period”). The Employment Period shall be for an initial term of three (3) years beginning on the date of this Agreement and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to Section 2(b).

  • ENGAGEMENT TERM The Placement Agent’s engagement hereunder will be until the earlier of (i) sixty (60) days and (ii) the Closing Date. The date of termination of this Agreement is referred to herein as the “Termination Date.” In the event, however, in the course of the Placement Agent’s performance of due diligence it deems it necessary to terminate the engagement with respect to itself, such Placement Agent may do so prior to the Termination Date. The Company may elect to terminate the engagement hereunder for any reason prior to the Termination Date but will remain responsible for fees and expenses pursuant to Section 3 hereof and fees with respect to the Securities if sold in the Placement. Notwithstanding anything to the contrary contained herein, the provisions concerning the Company’s obligation to pay any fees actually earned pursuant to Section 3 hereof, to pay expenses pursuant to Section 3 hereof, and the provisions concerning confidentiality, indemnification and contribution, and no fiduciary relationship and governing law (including the waiver of the right to trial by jury) contained herein will survive any expiration or termination of this Agreement. If this Agreement is terminated prior to the completion of the Placement, all fees and expenses due to the Placement Agent shall be paid by the Company to the Placement Agent on or before the Termination Date (in the event such fees are earned or owed as of the Termination Date). The Placement Agent agrees not to use any confidential information concerning the Company provided to such Placement Agent by the Company for any purposes other than those contemplated under this Agreement.

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